Eureka weekly sentinel. [volume] (Eureka, Nev.) 1887-1902, 1887-10-22

Ot ehe kureko COms Mtmamx Com
pany-RepOrss OF the President
and Superintendent.
At the annual meeting Of the Eureks
Con-, held in San Francisco on Monday,
October IL, 45, 900 shares were represented,
and the following gentlemen were elected
Trustees for the ensuing year: William
Fries, President; w. s. Wood, Vice Pres.
ident; p. N. Lifienthal, F. A. Benjamin
and H. r. Hutton.
The Secretary's. report shows bullion
produced during the year $3.50, $50 As;
other receipts, $40. 070 IS, making a total
of $3.50, 953 SO. Resources: Bullion on
hand at mine, $50, 901; bullion in transit,
Sl2, S74; balance due on bullion shipped,
Sl23; cash in bank, S26, 296; cash with Su.
perintendent, S497; cash in New York,
S25; sundry claims. 1857; supplies on
hand at mine, S5l, 1886. Total resources,
S12S, 9S9. Liabilities: Balance of divi.
dend No. n. Sc, 162; Superintendent
drafts ont, $2l,SS4; bills payable, S4,3S6.
October /, SOC, 5O7. The Presidents and
Superintendent reports are as follows:
To the Stockholders of the Eureka Con.
Mining Company-Gentlemen The SEQ.
retary's report shows the good financial
condition of the company, whilst that of
the Superintendent makes you acquainted
with all the work done at the mine, fur
naces and refinery at Eureka during the
past year. 1t is gratifying to me to see
the outcome realized as predicted in my
last report, and the fact that we are paying
dividends, which we can reasonably expect
to continue for some time, must be salts
factory to you all.
The speiss experiment mentioned in my
last report has turned out to be all that we
could expect, and from this source we gain
much of our present product.
Suit has been brought against us for in
fringement in working the speiss, but our
experts and legal advisers assure us that
the danger of its being proven that we are
trespassing the rights of others is slight.
The hoist at the new shaft remains idle,
though during the year a trial was made
which proved unsatisfactory, owing to the
breaking of the cams. However, our en-
gineer, U. r. Eckart, claims that the new
sections now at the mine will prove ade.
quate, and we hope to give them another
trial ere long, provided the expense meets
your approval.
In conclusion. I need only add that the
prospects for the ensuing year are brighter
than any which l nave seen during my
three years Presidency of the company.
Respectfully submitted.
WIN. FRIES, President.
To the President and Trustees of the
Eureka Con. Mining Co.-Gentlemen: I
have but little to report regarding opera
tions at the mine that you are not already
familiar with. The prospecting work
during the past year has been done mostly
in reopening the 18th level and in running
a tunnel 70 feet below the surface, which
is still in progress and will open up o large
piece of ground in which 1 think the
chances of finding ore are sufficient to
warrant the expense of prospecting.
The 18th and 18th levels have been con-
nected by an upraise from the 18th level,
in which some low-grade ore was found,
but not in sufficient quantity to pay for
extracting. Nothing has been done at the
new shaft, owing to defects in the hoisting
engine. New material for changing the
same has been received, and [ think can be
put in running order at a small cost.
The reduction Works and Refinery are
now complete, with a capacity of 100 tons
per day. For results of smelling 1 refer
you to the Secretary's reports.
Credit is due Mr.. l.. w. Davis for sue.
cessful and economical management of the
reduction and refining works. Very
respectfully,
H. DoNNELLY, Superintendent.